GKP - Research

you can see the back test today...Thats resistance...Gkp has to finish above that line to make it void.
The main down trendline is at 59 so plenty of resistance near by..
as for the 123 low formation,,,,
This will require a pull back for that to be a possibility..But the bigger 123 low breakout will come when 85 is broken.

dl.dropboxusercontent.com/u/4899609/gkp3rdfeb2015.png

Doh ,,,, having had more time to read your chart Remo and being more awake ,, I can see that you are referring to a back test of the previous t line at 54 and then a retrace would not be good ,,,sorry

Remo,

At what level do you have your '3' of a 1-2-3 low please? As far back as early Dovember 2013 or more recently??

Thanks

A back test respect wont be good.
...............................................

Hi Remo ,,, I just wanted clarify the above ,, as we are not above any t line at the moment I cant see a back test possibility so are you referring to a back test of the recent lows ,,,,,,many thanks

This has not officially bottomed...
This has to finish above the down trend line first. This also has the recent triangle resistance above current price.A back test respect wont be good.
Wait for a 123 low formation to signal a possible low.
There is no buy signal as of yet


dl.dropboxusercontent.com/u/4899609/gkp2ndfeb2015.png

Hi Ian

Decent volume and a decent rise. Do you think the bottom is in? Are you still waiting for further confirmation?

Cheers